1. Equifax Inc. (NYSE:EFX)
Generation Investment Management’s Stake Value: $850,637,000
Equifax Inc. (NYSE:EFX), a Georgia-based credit bureau company, has always remained committed to its ESG priorities. Last year, the company announced that it will achieve net-zero greenhouse gas emissions by 2040 and has also disclosed its greenhouse gas emission baseline data.
Generation Investment started investing in Equifax Inc. (NYSE:EFX) during the first quarter of 2019 with shares worth over $303.2 million. In the second quarter of 2022, the company was the fourth-largest holding of the firm. The hedge fund owned over 4.6 million EFX shares at the end of the quarter, worth over $850.6 million. The company accounted for 4.63% of the firm’s 13F portfolio.
Equifax Inc. (NYSE:EFX) has been making uninterrupted dividend payments to its shareholders since 1987, which places it as one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.39 per share and has a dividend yield of 0.94%, as recorded on October 28.
In October, Baird maintained an Outperform rating on Equifax Inc. (NYSE:EFX) with a $199 price target, highlighting the company’s solid non-mortgage revenue in Q3 2022.
As of the close of Q2 2022, 34 hedge funds tracked by Insider Monkey owned stakes in Equifax Inc. (NYSE:EFX), with a total value of over $2.5 billion. Ako Capital was one of the company’s major stakeholders in Q2.
Baron Funds mentioned Equifax Inc. (NYSE:EFX) in its Q1 2022 investor letter. Here is what the firm has to say:
“We initiated a position in Equifax Inc., a leading consumer credit bureau and information services company. It collects and manages large databases of consumer data, such as credit, employment, and income records. Equifax uses these assets to provide data and analytics services to businesses and governments to make credit and marketing decisions. Credit bureaus have numerous competitive advantages, including economies of scale, regulatory barriers, and high switching costs as customers rely on their mission-critical solutions. Following a data breach in 2017, the senior management team was replaced and over $1.5 billion was spent on modernizing Equifax’s technology infrastructure and migrating it to the cloud. In addition to strengthening the company’s cyber defenses, we believe this technology transformation will enable a faster pace of product innovation and drive higher organic growth.
Unique to Equifax is its Workforce Solutions business, which maintains a database of employment and income records sourced from employers and payroll processors. Equifax has over 136 million active records representing over 60% of U.S. non-farm payrolls. Businesses and government agencies use this data for employment and income verification, which is needed when someone applies for a mortgage, requests government benefits, or changes jobs. We believe Equifax has by far the largest repository of this valuable data and continues to add new records at a faster pace than competitors. With durable growth coming from new product innovation and its Workforce Solutions business, we believe that Equifax is a high-quality business that is well positioned to grow earnings per share at a mid-teens rate over a multi-year period.”
Follow Equifax Inc (NYSE:EFX)
Follow Equifax Inc (NYSE:EFX)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
You can also take a look at 11 Best Dividend Stocks Under $5 and 12 Best Energy Dividend Stocks to Buy Now
